6 Tips for Saving for Your Down Payment
Before you can make the transition from renting your home to owning your home, you will probably need to have a substantial down payment, typically 5 to 20 percent of the home’s value. The American Bankers Association suggests the following tips to help save for it:
Does This Sound Like You? 4 Scenarios for Choosing an ARM Loan
Here's something that might surprise you --an adjustable-rate mortgage (ARM) isn't a bad loan! True, some years ago, this type of home loan was linked to the bubble burst in the housing market, but it wasn't the loan. The problem was that banks recommended an ARM when they shouldn't have...
How to Win a Home buying Bidding War Without Going Over Your Budget
Summer is almost here! The weather isn’t the only thing that is heating up -- so is the competition for buying a home! Warmer months are a favorite time for home buying so don’t be surprised if you find yourself in a bidding war with other home buying hopefuls.
6 Items for Your New Home's To-Do List
Now that you’re settling in to your new home, there are some important things you need to consider. The American Bankers Association recommends the following tips.
1. Create a budget.
The key to a good budget is including as much information as you can, so that...
Good Numbers for Homeowners to Know
There are many numbers associated with homeownership. From mortgage payments to address to square feet and more, knowing all of them can certainly make your head spin.
Luckily, you don’t have to be a master memorizer to be a master homeowner—there are just a few numbers you...